Nigeria: Television Receiver Market 2024

Television Receiver Market Size in Nigeria

In 2022, the Nigerien television receiver market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Television Receiver Production in Nigeria

In value terms, television receiver production reduced slightly to $X in 2022 estimated in export price. Overall, production saw a noticeable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Television Receiver Exports

Exports from Nigeria

In 2015, approx. X units of television receivers were exported from Nigeria; therefore, remained relatively stable against 2014 figures. In general, exports saw a significant expansion. The smallest decline of X% was in 2014. Over the period under review, the exports reached the maximum in 2015 and are expected to retain growth in years to come.

In value terms, television receiver exports totaled $X in 2015. Overall, exports continue to indicate a precipitous slump. The smallest decline of X% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2015, the exports failed to regain momentum.

Exports by Country

Ghana (X units), France (X units) and Gabon (X units) were the main destinations of television receiver exports from Nigeria, with a combined X% share of total exports.

From 2013 to 2015, the biggest increases were recorded for Gabon (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for television receiver exported from Nigeria were Ghana ($X), France ($X) and Niger ($X), together accounting for X% of total exports. Gabon, South Africa, Germany and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average television receiver export price stood at $X per unit in 2015, approximately equating the previous year. In general, the export price faced a precipitous descent. The most prominent rate of growth was recorded in 2014 a decrease of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2015, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2013 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced a decline.

Television Receiver Imports

Imports into Nigeria

In 2022, after two years of decline, there was significant growth in purchases abroad of television receivers, when their volume increased by X% to X units. In general, imports enjoyed a measured increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, television receiver imports expanded modestly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main television receiver supplier to Nigeria, accounting for a X% share of total imports. Moreover, television receiver imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold. The third position in this ranking was taken by South Africa (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and South Africa (X% per year).

In value terms, China ($X) constituted the largest supplier of television receivers to Nigeria, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and South Africa (X% per year).

Import Prices by Country

The average television receiver import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price showed a perceptible reduction. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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